{
  "id": 3076806,
  "title": "Nebius Group (NBIS) Just Posted 514% Revenue Growth. Can CoreWeave (CRWV)’s Numbers Compete?",
  "url": "https://urgent.news/2026/08/24/nebius-group-nbis-just-posted-514-revenue-growth-can-coreweave-crwv-s",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T17:45:05.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/nebius-group-nbis-just-posted-174505539.html"
  },
  "original_language": "en",
  "account": "On August 12, 2026, Nebius Group N.V. (NBIS) reported a staggering 514% increase in cloud business revenue for the second quarter, with shares soaring more than 20%. Total quarterly revenue reached $582.3 million, surpassing analysts' expectations. This performance came after rival CoreWeave, Inc. (CRWV) raised its own annual forecasts.\n\nBoth companies operate as neocloud firms, leasing AI computing capacity instead of manufacturing their own AI products. Nebius Group N.V. CEO Arkady Volozh boasted, \"Everything we set out to do this quarter, we did,\" highlighting four AI cloud deals signed during the quarter, each averaging over $1 billion. The company's total contract value nearly quadrupled.\n\nNebius Group N.V. raised its contracted power target for 2026 to 5 gigawatts, up from 4 gigawatts previously. The firm anticipates over $9 billion in customer prepayments this year, in addition to $40 billion in total customer commitments. In July 2026, Nebius secured $775 million in asset-backed financing, providing an additional funding cushion beyond the roughly $5.7 billion spent on chips and data centers during the quarter.\n\nNebius Group N.V. secured $775 million in asset-backed financing in July 2026, bolstering its financial position. Nonetheless, CoreWeave, Inc. reported a revenue increase of 112% year-over-year, boasting a backlog of $104.2 billion, which is approximately 180 times larger than Nebius Group N.V.'s total revenue for the quarter.\n\nCoreWeave's CEO, Michael Intrator, emphasized that the disclosed numbers represent projects already under construction, dismissing concerns about potential regulatory scrutiny affecting near-term results. CoreWeave reported a loss per share of $1.14, despite beating analyst expectations of a $1.41 loss. Hedge fund ownership data disclosed in prior filings shows significant stakes held by firms including Magnetar, Nvidia, and Jane Street, a concentration that could impact sentiment should it shift.\n\nNebius Group N.V. attracted the attention of 60 hedge funds as of Q1 2026, an increase from 54, whereas CoreWeave, Inc. drew in 63 hedge funds, up from 58. Nvidia, a crucial chip supplier for both companies, was held by 275 hedge funds over the same period.\n\nWhile Nebius Group N.V. excels in terms of growth rate, CoreWeave, Inc. demonstrates superior scale. Neither company's performance alone can definitively determine which business model will remain more resilient once AI spending reverts to more predictable patterns. Hedge funds appear to favor CoreWeave, Inc., over Nebius Group N.V. However, the article suggests that certain AI stocks may offer greater upside potential and less downside risk than NBIS, especially considering factors such as Trump-era tariffs and the onshoring trend.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}